How Company Culture Adds Value to Your Business

Company culture isn’t just a “nice to have” part of doing business; it goes a long way toward determining whether your company will be successful or not. But too often company leaders think corporate culture is about things that take employees away from their work — such as ping-pong tables or nap rooms — rather than how employees do their work and what they need to succeed. Understanding corporate culture can help leaders shape it more effectively — and gain the benefits of doing so. “The business case is simple,” says Nancy Noto, an organizational psychologist and HR consultant. “A leader must have a point of view on what success looks like for their company. Then they must hire people who activate the values that they believe in and who work in the way they know leads to success. Managing culture will ensure the right people work for the company …

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How to Read Your Health Insurance Explanation of Benefits Statement

People generally know less than they think they do when it comes to understanding their health benefits — which can lead to problems down the road. According to the American Institutes for Research, 3 out of 4 people said they felt confident that they knew how to use their health insurance. But only 1 out of 5 could accurately calculate their out-of-pocket costs. This lack of knowledge can hurt when the explanation of benefits (EOB) shows up in the mail. The EOB is a form that identifies the treatment or services you were provided and what amount your insurance will pay, says Erin Singleton, chief of mission delivery at the Patient Advocate Foundation, a nonprofit that provides professional case management services to people with chronic, life-threatening and debilitating illnesses. The EOB often says “This is not a bill” in large letters, and then has a chart or balance sheet detailing …

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What You Need to Know About Your EAP

There are all sorts of issues that can slow you down that don’t have anything to do with your physical health. Grief, marital issues, depression and substance abuse are just a few things you might be facing that aren’t necessarily covered by your health insurance. And when you bring those issues with you to work, it can affect your productivity and work quality. Chances are you have an employee assistance Program that can help. Unfortunately, many EAP resources go unused because employees don’t know about them, says Stephen Elliott-Buckley of E-B Strategy, an organizational consulting agency. “There are significant long-term benefits of EAPs for workers to pull their lives together, not only for the workplace but for people’s quality of life. So employees need to seek out information about workplace EAPs more proactively,” he says. Here’s what you need to know about this helpful but often overlooked benefit. What Does …

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5 Ways to Engage and Retain Your Company’s Top Talent

Employers have an engagement problem. Earlier this year, Gallup released a survey that found while employee engagement was at its highest since 2000, the majority of employees are not engaged, including 17.5 percent who were actively disengaged from their work. Engaged employees tend to be more productive and it’s easier to retain them, while disengaged employees are checked out and may be looking for a new job. It’s a challenge for employers to keep their employees engaged. Drivers of engagement vary by industry, department and individual. No matter what they are at your organization, measuring the work you do on engagement is critical, says Tim Glowa, co-founder of Bug Insights. Simply boosting things you think will engage employees isn’t a strategic approach. Instead, survey your employees to find out what they find important, and then deploy your resources to make improvements. Repeat the survey often to see if you’re moving …

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5 Elements of an Effective Job Listing

An effective job listing has to have it all. It must be clear yet concise. It must appeal to your dream applicants while keeping the bar high. It must reflect your company’s culture without sounding too insular. And a little bit of passion doesn’t hurt. “Good job ads should be creative and speak directly to the candidates you are targeting,” says Steven Lindner, partner at The WorkPlace Group. “Most job ads are stale and uninspiring, with no visceral connection to why the job is even needed in your company. With so much information delivered to candidates each and every day, personalized, engaging and creative ads that tell candidates why you need them and why your role is worth considering is what will grab their attention.” How to fit all that in just one job ad? Make sure it has each of these elements and you’ll be on the right track. …

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